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Investment signal

$1,269,000

511 BANK STREET

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Commercial mix-use property with $113,841 net rental income!! This property is located in a central and established urban area, surrounded with numerous retail services and commercial activities. Its just north of Catherine St and the Queensway, minutes to downtown core, and proximate to major employment, recreational, shopping, Parliament Hill, Rideau Canal, Byward Market plus active infill development. The main level of the building features a fit up restaurant with dining area(approx. 40 seats), service counter, food preparation area, public washrooms, and access to a full basement; the second level is a two bedroom apartment with kitchen, three piece washroom. Please do not approach restaurant owner or the employees re- this sale. (id:65958)

Subtype: Retail
Community: 4103 - Ottawa Centre
Living area: 2,131 square feet
Lot dimensions: 31.97 x 94.84 FT
On market: Aug 7, 2025
Status changed: Apr 24, 2026
Annual tax: $28,488.4
Zoning: TM H
Photos: 16
MLS#: X12330828
Area: OTTAWA

Features and systems

Appliances

Dishwasher

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$1,359/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.43%

Cap rate

3.58%

GRM

16.7

Break-even rent

$7,781

Financing

Down payment$253,800

Loan amount$1,015,200

Mortgage$5,144/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$582

Insurance$80

Maintenance$1,058

CapEx reserve$529

Vacancy loss$318

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,144/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.